UPDATE: Benchmark Upgrades Valueclick to Buy

According to a research report published this morning, Benchmark maintains its price target of $20 for ValueClick (NASDAQ: VCLK) and upgrades its rating from Hold to Buy.

Benchmark mentions in the report, “ValueClick is a resilient company that is highly adaptive. Evidence includes the solid cash flow performance through the recession and the recent retargeting and mobile acquisitions. These acquisitions boost the company's online display business and position it for the mobile migration. ValueClick has faced intense competition from large companies like Google and Facebook for years, and has sustained solid cash flow from its core affiliate marketing and display network segments.”

ValueClick closed yesterday at $14.47.